Stock Market Today: All You Need To Know Going Into Trade On Aug. 19

Stocks in the news, big brokerage calls of the day, complete trade setup and much more!

<div class="paragraphs"><p>(Source: <a href="">Tina Guina</a>/Unsplash)</p></div>
(Source: Tina Guina/Unsplash)

An Asian equity index fell on Friday amid mixed US Federal Reserve policy signals on the likely pace of interest-rate hikes, while the dollar climbed as the spotlight fell again on geopolitical tension.

MSCI Inc.’s Asia-Pacific share index shed less than 0.5%. Moves across Japan, China and Hong Kong were fairly muted. S&P 500, Nasdaq 100 and European futures slipped after Wall Street shares posted a small gain on Thursday.

A greenback gauge hovered around a one-month high. Indonesian President Joko Widodo said China’s Xi Jinping and Russia’s Vladimir Putin plan to be at a Group of 20 summit in Bali later this year. That sets up a showdown with US President Joe Biden and other leaders as Russia continues its war in Ukraine.

Treasury yields drifted higher. Oil, gold and Bitcoin dropped. Later Friday, a $2 trillion options expiration could stir volatility in global markets.

Stocks To Watch

  • RIL/ONGC/Other Oil Stocks: The government hiked windfall profit tax on diesel to Rs 7 per litre from Rs 5. It also brought Rs 2 per litre tax on ATF exports after scrapping it in the last review. Tax on domestically produced crude oil cut to Rs 13,000 per ton from Rs 17,750.

  • IEX/NTPC/PFC/REC/Other Power stocks: Power System Operation Corporation has asked three power exchanges — IEX, PXIL and HPX — to restrict electricity trading by 27 discoms in 13 states having outstanding dues towards gencos, PTI reported.

  • Wipro: The company has been awarded a multi-year contract to deliver Service Integration and Management services to HM Treasury.

  • Adani Total Gas: The company reduced prices of PNG and CNG upto Rs 3.2 per SMC and Rs 4.7 per Kg respectively.

  • Metropolis Healthcare: The company’s Chief Executive Officer Vijender Singh has resigned and Nov. 30 will be his last working day.

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Insider Trades

  • Geojit Financial Services: Promoter BNP Paribas SA sold 3.16 lakh shares between August 12 and August 16.

  • Aditya Vision: Promoter Group Rashi Vardhan sold 13,280 shares on August 16.

  • LG Balakrishnan & Bros: Promoter Nithin Karivardhan sold 10,000 shares on August 17.

  • Apcotex Industries: Promoter Group Rita Ashok Parekh bought 1,650 shares on August 17.

  • Vaibhav Global: Promoter Group Brett Enterprises bought 4,000 shares on August 17.

  • Godrej Agrovet: Promoter Godrej Industries bought 1.17 lakh shares between August 12 and August 16.

Bulk Deals

  • Repco Home Finance: Graviton Research Capital LLP sold 3.2 lakh (0.51%) shares at Rs 204.55 apiece.

  • Embassy Office Parks REIT: ICICI Prudential Mutual Fund bought 11.86 crore (1.25%) shares and American Balanced Fund sold 29.26 crore (3.08%) shares at Rs 357 apiece.

  • Sona BLW Precision Forgings: Government of Singapore and SBI Mutual Fund bought 30.68 lakh (0.52%) shares and 87 lakh (1.48%) shares respectively at Rs 505 apiece. Singapore VII Topco LII sold 7.94 crore (13.5%) shares at Rs 509 apiece.

Who’s Meeting Whom

  • Amber Enterprises India: To meet investors and analysts on August 19.

  • Tube Investments of India: To meet investors and analysts on August 23.

  • Sansera Engineering: To meet investors and analysts on August 19 and August 22.

  • Black Box: To meet investors and analysts on August 19.

  • Heranba Industries: To meet investors and analysts on August 19.

  • Greenply Industries: To meet investors and analysts on August 22.

  • Power Mech Projects: To meet investors and analysts on August 22.

  • Avanti Feeds: To meet investors and analysts on August 22.

  • Route Mobile: To meet investors and analysts on August 22 and August 23.

AGMs today

  • Advanced Enzyme Technologies

  • Aptus Value Housing Finance India

  • Emami Paper Mills

  • Indusind Bank

  • Jamna Auto Industries

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Trading Tweaks

  • Record-Date Dividend: Can Fin Homes, Reliance Industries, Pfizer, Oil & Natural Gas Corporation, The Karnataka Bank

  • Record-Date Interim Dividend: Trident, Dynamatic Technologies, Tanla Platforms

  • Ex-Date Final Dividend: Astral, Bharat Petroleum Corporation, Chambal Fertilizers & Chemicals, Eclerx Services, Hindustan Aeronautics, Kitex Garments, Marksans Pharma, Oriental Carbon & Chemicals, Power Grid Corporation of India, Sun Pharmaceutical Industries, Tips Industries

  • Ex-Date Dividend: Gujarat Gas, Tilaknagar Industries

  • Ex-Date Interim Dividend: Natco Pharma, SP Capital Financing

Money Market Update

The rupee ended at Rs 79.68 against the U.S. Dollar on Thursday as compared to Wednesday's closing of Rs 79.44

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